Rupee falls to a four-year low as rising oil prices increase remittance value.
This change has led to an increase in the value of remittance payments, with every Dh10,000 now being exchanged for significantly more rupees than in recent weeks. Oil shock causes currency collapse The rupee’s depreciation highlights rising pressure on India’s external economy, plummeting to a record low of over 93 against the US dollar. It […]
Indian Rupee falls to record lows close to 94 against US Dollar.
The Indian rupee (INR) experienced a deeper decline against the US dollar (USD) on Friday, which was a holiday. The USD/INR exchange rate has climbed to around 93.90 as the rupee faces substantial pressure. This is largely due to ongoing foreign capital outflows from India’s stock market, high oil prices tied to conflicts in the […]
Is it time for UAE expats to send money home? A weak rupee and peso provide significant advantages against the Dirham
Weak Rupee and Peso Create Remittance Opportunities for UAE Expats The Indian, Pakistani, and Philippine currencies are currently trading at multi-year lows against the UAE dirham. This situation presents a unique chance for expats in the UAE to rethink their remittance strategies. With the value of the dirham comparatively higher, many workers are evaluating when […]
Indian Rupee struggles even with a weakened US Dollar
The Indian rupee (INR) has been on a downward trend for four days in a row against the US dollar (USD) as of Tuesday. The USD/INR exchange rate is approaching its all-time high of 91.55, even while the US dollar faces pressure due to a growing conflict between the US and the Eurozone regarding Greenland’s […]
RBI steps in to stabilize the rupee
Rupee Gains Following Central Bank Intervention After the Central Bank of India stepped in by selling USD/INR in the foreign exchange market, the USD/INR rate dropped significantly, resulting in about a 1% appreciation of the rupee. I’ve been mentioning the Indian Rupee often lately since it’s been hitting record lows. This situation seems to worsen […]
Is it the right moment for NRIs to send money to India as the Rupee drops below 90 per USD?
Indian Rupee Weakens Against the US Dollar On December 3, 2025, the Indian rupee hit a significant milestone, surpassing the $90 mark against the US dollar. Fast forward to December 9, and the rupee slipped further by 10 paise, settling at 90.15 against the dollar. Just six months ago, it was valued at under Rs […]
Why is the Indian rupee declining? Is now the right time to send money?
Insights on the Indian Rupee’s Current State Hassan Fardan Al Fardan, the CEO of Al Fardan Exchange, noted that the Indian rupee’s recent decline is attributed to “external pressures like limited foreign portfolio investments, global trade uncertainties, and challenges arising from increased US tariffs.” He mentioned that the Reserve Bank of India (RBI) has expanded […]
India’s central bank reenters to back the rupee, echoing February’s defense
Mumbai Currency Intervention MUMBAI, Oct 15 – The Reserve Bank of India took significant action in the currency markets recently to support the rupee, according to traders. They mentioned that this initiative aligns with the central bank’s strategy to defend the local currency, similar to steps taken earlier this year in February. Traders reported that […]
Rupee holds steady, caught between weak risk appetite and expectations of intervention.
Indian Rupee Holds Steady Amid Trade Tensions MUMBAI, Oct 13 – The Indian rupee began the week relatively stable, trading within a narrow range as worries about renewed trade tensions between the United States and China impacted market sentiments. However, anticipated central bank actions helped prevent greater losses. As of 10:30 a.m. ET, the rupee […]
Rupee remains close to record low amid weak Asia and ongoing US trade issues.
Market Update on Indian Rupee Mumbai, September 30 – The Indian rupee is expected to remain near its lower levels as ongoing trade tensions with the US weigh heavily on its stability. These tensions are affecting India’s economic relationships with Washington and contributing to regional instability across Asia. The non-delivery forward indicates that the rupee […]